REDNews January 2015 - Southeast Cover January 2015 | Page 38
Central/South Texas
Ernest L. Brown, IV,
CCIM, a managing director
in the San Antonio office of
Kennedy Wilson’s Brokerage
Group, has been re-elected to
the national board of directors
of the CCIM Institute.
Austin/San Antonia Areas
Pat Jones
ANNOUNCEMENTS
Robby Eaves
Ernest L. Brown
REDNews
Retail Solutions, a Texas-based
retail real estate company,
recently hired Robby Eaves
as vice president in its Austin
office.
BGC Partners Inc. is
acquiring Apartment Realty
Advisors (ARA) for about $110
million. ARA will be part of the
Newmark Grubb Knight
Frank commercial brokerage
network owned by GCG. Pat
Jones (pictured) leads the ARA
Austin office
DEALS
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San Antonio (SALE) Pacifica Companies, a San Diego-based
investment firm, has acquired the 194 room Holiday Inn on
State Highway 151. HREC Investment Advisors. which has
offices in Denver, Dallas and San Diego, represented the seller.
Austin (SALE) DBG Austin Hotel LLC, an investment company
in Plano, purchased the 63 room Days Inn located at 3105
N. I35 . Also included in the sale was the property housing
Star Seeds Restaurant. Jay Weir of Hotel Brokers of Austin
represented both the seller, Kim & Bailey LLC of Portland
Oregon, and the buyer.
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San Antonio (SALE) RMG Land Company II, LLC (George
Juarez) sold the 40,384 SF Caliber Collision Center located
at 4906 – 4927 Blanco Road & 215 Weizman to Cross
Development CC Blanco Rd., LLC. The seller was represented
by Brian D. Harris, CCIM, of REOC San Antonio and the
buyer was represented by Jim Leatherwood with Silver Oak
Commercial.
An unidentified investor purchased
Bastrop (SALE)
a 15,400 SF industrial building at 159 Settlement Drive.
Saul Arizpe of Retail Solutions represented the seller and
Ron Meyeres of Capital Leasing Management & Sales
represented the buyer.
The McShane Companies has
Schertz (DEVELOPMENT)
acquired a 12 acres site near the intersection of Doerr Lane
and Lockout Rd for the development of a 213,864 SF industrial
park.
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Austin:
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People’s Community Clinic (DEVELOPMENT)
will move into a new 54,000 SF HQ in northeast Austin
with the help from a $10 million grant from the St. David’